Mirae Asset Global Investments Co. Ltd. Increases Holdings in Columbia Sportswear (COLM)

Mirae Asset Global Investments Co. Ltd. raised its position in Columbia Sportswear (NASDAQ:COLM) by 12.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,229 shares of the textile maker’s stock after purchasing an additional 776 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Columbia Sportswear were worth $608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Columbia Sportswear by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,275,641 shares of the textile maker’s stock worth $304,864,000 after purchasing an additional 100,703 shares during the last quarter. Vanguard Group Inc increased its position in shares of Columbia Sportswear by 3.2% during the 3rd quarter. Vanguard Group Inc now owns 3,275,641 shares of the textile maker’s stock worth $304,864,000 after purchasing an additional 100,703 shares during the last quarter. BlackRock Inc. increased its position in shares of Columbia Sportswear by 3.0% during the 4th quarter. BlackRock Inc. now owns 1,362,689 shares of the textile maker’s stock worth $114,588,000 after purchasing an additional 39,573 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Columbia Sportswear by 6.3% during the 4th quarter. Acadian Asset Management LLC now owns 1,048,107 shares of the textile maker’s stock worth $88,138,000 after purchasing an additional 62,346 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its position in shares of Columbia Sportswear by 3.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 452,790 shares of the textile maker’s stock worth $42,141,000 after purchasing an additional 15,016 shares during the last quarter. Institutional investors and hedge funds own 36.99% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Friday, January 18th. BidaskClub downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. DA Davidson lifted their target price on Columbia Sportswear to $116.00 and gave the company a “buy” rating in a research report on Friday, February 8th. Pivotal Research raised Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their target price for the company from $97.00 to $107.00 in a research report on Thursday, December 6th. Finally, Macquarie set a $118.00 target price on Columbia Sportswear and gave the company a “buy” rating in a research report on Friday, February 8th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $106.53.

In related news, Director Edward S. George sold 5,630 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $105.19, for a total transaction of $592,219.70. Following the completion of the sale, the director now owns 7,630 shares in the company, valued at $802,599.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Peter J. Bragdon sold 10,824 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $102.80, for a total value of $1,112,707.20. Following the sale, the chief accounting officer now owns 28,955 shares of the company’s stock, valued at approximately $2,976,574. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,919 shares of company stock valued at $8,651,940. Corporate insiders own 56.68% of the company’s stock.

Shares of Columbia Sportswear stock opened at $103.73 on Friday. Columbia Sportswear has a one year low of $74.28 and a one year high of $109.74. The stock has a market cap of $7.06 billion, a PE ratio of 25.87, a P/E/G ratio of 2.13 and a beta of 0.68.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, February 7th. The textile maker reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.41. Columbia Sportswear had a return on equity of 16.79% and a net margin of 9.57%. The business had revenue of $917.60 million during the quarter, compared to the consensus estimate of $859.06 million. During the same period in the previous year, the company posted $1.31 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts predict that Columbia Sportswear will post 4.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Thursday, March 7th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Wednesday, March 6th. Columbia Sportswear’s dividend payout ratio is presently 23.94%.

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Columbia Sportswear Profile

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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Institutional Ownership by Quarter for Columbia Sportswear (NASDAQ:COLM)

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